“People say data infrastructure might not be sexy, but get it right, and you’ll go far”
David Beach, Reporter, bobsguide
Billy Bosworth, CEO of DataStax, sat down with bobsguide to talk about the past, present and future of data challenges and how a bit of forward thinking can stave off the worst of regulatory compliance.
Disruption: Do US middle market firms have their heads in the sand?
Vicky Beckett, Editor, GTNews
While many mid-sized US companies believe their industry is vulnerable to disruption, most believe that their company is shielded from it, a recent survey has found. Many of these businesses were underprepared for such an event, Capital One found in its recently released 2017 Disruption in the Middle Market study.
As many as 80% of respondents said their companies have already experienced disruption or expect to experience it during the next three years. However, only one in six believe they are prepared to deal with a disruptive event.
Leveraging data lineage to streamline and optimise business process
Alexander Tsigutkin, CEO, AxiomSL
Complying with the multitude and ever changing regulations is a complex, time-consuming and costly activity especially when the regulatory bar keeps rising to meet global standards like BCBS 239 or regional standards like US Federal Reserve CFO Attestation. These industry initiatives have pushed data governance to the fore. In the past, data governance was a concern primarily with the back office and auditing, now it has moved forward to middle and front-office end-users and even senior management requires access to granular details about data flow and governance rules. The cornerstone of data governance begins with data lineage.
What is GDPR?: The implications you need to know
David Beach, Reporter, bobsguide
The General Data Protection Regulation (GDPR) has the aim of enabling EU residents to control their personal data in response to new advances in technology and data capabilities, hereby protecting the individual’s fundamental right to privacy under the Code of EU Online Rights (Chapter 4) as well as the Lisbon Treaty. GDPR further looks to simplify regulatory proceedings for international businesses.
Considering that the full document is 204 pages, bobsguide has summarised the key points into a handy article. Here are 10 important considerations.
What does the future hold for big data?
James Blake, CEO, Hello Soda
Big data is an area that companies are increasingly keen to invest in, and for good reason – with more data being collected and analysed than ever before, it’s essential for companies to understand it and make use of it in the best way that they can.
Many of the decisions that are made within the financial services sector are driven by data, from trading algorithms to risk assessment. But just how far can big data take us? Has it reached its peak or is there more potential to explore? We’ve taken a look at what the future may hold for big data in the finance industry.
